Henri Fayol classified all the business activities into six functions:
• Technical activities relating to production
• Commercial activities relating to purchase of basic raw materials and other resources, selling of products and exchange
• Financial activities relating to identification and utilization of available funds
• Security activities relating to the steps taken to protect the property of enterprise and persons
• Accounting activities relating to the recording and maintaining accounts, stock taking, and preparation of cost sheets, balance sheets and statistical data
• Managerial activities relating to planning, organizing, commanding, coordinating and controlling